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- Kalyan Jewellers
Kalyan Jewellers Valuation, Funding & Investors
Kalyan Jewellers is valued at $816M as of October 2014.
Last Kalyan Jewellers valuation
$816M
Undisclosed stage · Oct 2014
Last Kalyan Jewellers funding round
$78M
Undisclosed stage · Apr 2017
Cumulative funding Kalyan Jewellers raised
$273M
across 2 funding rounds
Key investors in Kalyan Jewellers
Warburg Pincus
Kalyan Jewellers Overview
About Kalyan Jewellers
Kalyan Jewellers is an Indian jewellery manufacturing and distribution company founded in 1993 and headquartered in Thrissur, Kerala. At the time of the 2014 investment it was run by chairman and managing director T. S. Kalyanaraman together with his sons Rajesh and Ramesh Kalyanaraman. It sold through 55 exclusive outlets in India and 6 in the United Arab Emirates, with a presence across South India, Maharashtra, Gujarat, the National Capital Region and Punjab. The brand was represented nationally by Amitabh Bachchan and Aishwarya Rai Bachchan from 2012. Its plans included opening 28 outlets within six months and entering Kuwait, Qatar, Singapore and Malaysia. Its product range includes bespoke designs and affordable studded jewellery.
Founded
1993
HQ
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$816M (Oct 2014)
Sectors
Kalyan Jewellers Valuation
Kalyan Jewellers is currently valued at $816M, based on its undisclosed-stage round in October 2014. Read the announcement ↗
The $196M round included Warburg Pincus.
Kalyan Jewellers valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2014 | Undisclosed stage | $816M |
Kalyan Jewellers Funding History
Kalyan Jewellers has raised a total of $273M across 2 funding rounds.
Kalyan Jewellers' first fundraising round was a $196M undisclosed-stage round in October 2014. The most recent completed round was a $78M undisclosed-stage round in April 2017.
Kalyan Jewellers funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2017 | Undisclosed stage | Warburg Pincus (lead) | $78M | - | - |
| Oct 2014 | Undisclosed stage | Warburg Pincus | $196M | $816M | Kalyan Jewellers announced on 20 October 2014 that an affiliate of Warburg Pincus had invested Rs 1,200 crore (INR 12 billion) for a minority stake in the company. The release described it as the largest private equity investment in the Indian jewellery manufacturing and distribution industry and the largest into the state of Kerala to that date. Axis Capital was the exclusive financial advisor to Kalyan. Chairman and managing director T. S. Kalyanaraman said he welcomed the firm as a growth partner, and Warburg Pincus co-head for India Vishal Mahadevia said the family had built a market-leading brand of scale. The company planned to add 28 outlets within six months and enter Kuwait, Qatar, Singapore and Malaysia, and it set a target of Rs 25,000 crore of revenue. Kalyan Jewellers was founded in 1993 and is based in Thrissur, with 55 outlets in India and 6 in the United Arab Emirates. |
Who has invested in Kalyan Jewellers?
1 investor has backed Kalyan Jewellers across its funding rounds, including Warburg Pincus.
Lead investors include Warburg Pincus.
Kalyan Jewellers Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Kalyan Jewellers investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialKalyan Jewellers Competitors
Kalyan Jewellers competitors include listed companies like P N Gadgil Jewellers, Ethos, Augmont Enterprises and Bluestone Jewellery, and private ones like Kota Gold and Familia.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $68M | $894M | 0.8x | ||
| Publicly listed | $170M | $22M | $728M | 3.5x | ||
| Publicly listed | $9.9B | $49M | $949M | - | ||
| Publicly listed | $257M | $41M | $1.1B | 4.0x | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $900M | - |
Kalyan Jewellers Public Comps
Kalyan Jewellers is still privately-owned, but its public comps include Canada Goose, SK Discovery Co, Petco, Carasso Motors, WH Smith, Magalu, Shu Yu Civilian Pharmacy, Medplus Health Services, Vivara and Nick Scali.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $158M | 1.1x | 1.1x | 7.9x | 5.8x | |||
| $7.6B | $667M | 0.9x | - | 10.8x | - | |||
| $6B | $317M | 0.5x | 0.5x | 10.3x | 7.7x | |||
| $2.7B | $476M | 1.3x | - | 7.0x | - | |||
| $2.1B | $244M | 1.1x | 1.0x | 9.3x | 8.9x | |||
| $7.1B | $382M | 0.3x | 0.3x | 5.3x | 3.8x | |||
| $1.6B | $106M | 0.7x | 0.8x | 10.4x | 11.4x | |||
| $720M | $67M | 1.2x | 1.0x | 12.5x | 14.7x | |||
This data is available for Pro users. Sign up to see all Kalyan Jewellers competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kalyan Jewellers
| When was Kalyan Jewellers founded? | Kalyan Jewellers was founded in 1993. |
| Where is Kalyan Jewellers headquartered? | Kalyan Jewellers is headquartered in Thrissur, India. |
| Is Kalyan Jewellers publicly listed? | No, Kalyan Jewellers is a private, VC-backed company. |
| What is Kalyan Jewellers' valuation? | Kalyan Jewellers was last valued at $816M in its undisclosed-stage round in October 2014. |
| How much funding has Kalyan Jewellers raised? | Kalyan Jewellers has raised $273M across 2 funding rounds. |
| What was Kalyan Jewellers' last funding round? | Kalyan Jewellers' last funding round was a $78M undisclosed-stage round in April 2017, led by Warburg Pincus. |
| Who are Kalyan Jewellers' investors? | Kalyan Jewellers' investors include Warburg Pincus. |
| Which companies are comparable to Kalyan Jewellers? | Companies comparable to Kalyan Jewellers include P N Gadgil Jewellers, Ethos, Augmont Enterprises, Bluestone Jewellery, Kota Gold and Familia. |
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